USD to INR Forecast 16th Sep 19
USD to INR pair has moved perfectly in line with our previous forecast. We had forecasted in our previous update that in the near term we do not see usd inr moving much above 72.50 area and that an overall pullback trend is expected. As forecasted that is what has happned. Now going forward we do not see usd to inr pair moving much below 70.50 (spot levels mentioned ) and we overall see usd inr pair moving higher towards 76 in the next round. keep in mind that near term there could be some volatility in the rupee-dollar pair which could take us towards 70.50 on the lower side but we do not see the pair sustaining lower.
Importers must be looking to hedge positions around 70.50 to 71 levels as we see sharp up move taking place from lower levels which will take the usd inr pair towards 76 in the first round.
Bottom line usdinr longer-term forecast target 82 and near term forecast is sideways move between 70.50-72. Those who are interested in live assistance on usdinr pair can contact me on 9222294707 for free forecast updates. We will assist you in line updates and guide you according to your impex needs. Traders can also contact us for fixed income trading in usdinr where we provide aproximatly a net return of 5% per month through trading in usdinr.
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